Definitions mean something, and so I use them. South Korea is a top down capitalism. The state chose which monopolies they wish to support. The state directs the markets there.
Your claims have no basis in reality.
The US, UK, Sweden, China, and South Korea are both mixed economies. They exist on a spectrum of control and free market.
Here is some backgroundinfo:
Of course. I didn't mean to imply otherwise. I was talking about how South Korean capitalism is different. State directed from the top down to keep the monopolies they back.
